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The rupee rose 17 paise to Rs 45.24 against the US dollar in the early trade today on fresh selling of the American currency by banks and exporters amid dollar’s weakness overseas.
The domestic unit resumed higher at Rs 45.25/26 per dollar at the Interbank Foreign Exchange market against its last close of Rs 45.41/42 per dollar. It hovered in a range between Rs 45.24 per dollar and Rs 45.38 per dollar before quoting at Rs 45.33/34 per dollar at 10.30 a.m.
Banks and exporters preferred to sell dollars in view of dollar weakness in overseas markets, a forex dealer said.
Meanwhile, the Indian benchmark Sensex moved up by 43 points or 0.25 per cent in the early trade today.
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